HitecVision sells Noble Denton

Noble Denton Group, an offshore and shipping engineering company, has been acquired by German peer Germanischer Lloyd (GL) for an undisclosed sum from Norwegian private equity firm HitecVision.

HitecVision invested in Noble Denton in 2006 as part of a joint investment with Ferncliff, a Norwegian investment company that is also selling to GL.

Over the last three years, the London-headquartered business has more than trebled in size and quadrupled profitability. It published revenues of £100m for 2008, and employs 900 staff in 14 countries.